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Papa John's increases stock buyback program
August 14, 2008
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ClaudeLOUISVILLE, Ky. -- The board of directors of Papa John's International Inc. has approved an increase to $775 million in the amount of the company's common stock that may be repurchased by the company from time to time through Dec. 31, 2009. This represents a $50 million increase in the previously authorized amount, and includes the authorization to purchase shares in both the open market and private transactions.
The company has bought back $705.1 million of its stock since the inception of the repurchase program in 1999. As of June 29, 2008, the company had approximately 28.1 million actual shares of common stock outstanding.
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